Core Viewpoint - Zhongke Shuguang's performance in the first half of 2025 exceeded expectations, with operating revenue of 5.85 billion yuan, a year-on-year increase of 2.41%, and a net profit attributable to shareholders of 729 million yuan, a significant year-on-year growth of 29.39% [1][4] Financial Performance - Operating revenue reached 5.85 billion yuan, reflecting a year-on-year growth of 2.41% [4] - Net profit attributable to shareholders was 729 million yuan, marking a year-on-year increase of 29.39% [4] - Deducting non-recurring gains and losses, net profit grew by 55.20% to 569 million yuan [1][4] - The net cash flow from operating activities was -1.381 billion yuan, worsening by 447 million yuan compared to the same period last year, primarily due to increased procurement payments and the purchase of large bank time deposits [1][4] Business Development - The company's profitability significantly improved, with the gross margin of high-end computer products reaching 15.33% [1][2] - IT equipment business revenue accounted for over 90%, with high-end computer products generating 4.559 billion yuan, representing 78.07% of total revenue [2] - The company has completed a full industry chain layout covering general computers, liquid cooling hardware, distributed storage, and network security, creating strong synergy effects [1][2] Strategic Initiatives - A major asset restructuring has been initiated with Haiguang Information, aiming to achieve complementary advantages in chip design and data center infrastructure [3] - The strategic integration is expected to accelerate the construction of the computing power industry ecosystem and enhance competitiveness against international leaders [3] - The company is increasing R&D investment in intelligent computing, advanced storage, and green computing, promoting technological innovation and product upgrades [3]

【深圳商报讯】（记者 詹钰叶）近来多家算力产业链上市公司披露了2025年半年报或半年度业绩预 告，得益于基础算力设施的持续建设、人工智能相关算力投资的稳步增长等因素，不少公司业绩实现增 长。业内看好国产AI算力芯片等产业的前景。 今年以来算力板块股票普涨。数据显示，胜宏科技股价涨近480%（前复权），东芯股份、汇金股份、 宏景科技、新易盛、ST迪威迅、亿田智能、芯原股份股价涨逾200%，科泰电源、ST华通、海兰信、中 际旭创、并行科技、长芯博创、优刻得等23家公司股价涨逾100%。 还有不少上市公司正积极布局算力产业链。生益电子日前发布了关于投资智能制造高多层算力电路板项 目的公告，为满足服务器、高多层网络通信及快速发展的AI算力等中高端市场需求，拟总投资金额约 为19亿元。北京思特奇信息技术股份有限公司相关负责人本月在互动平台透露，公司构建了覆盖"算力- 数据-模型-智能体"的全栈AI生态服务体系。广电运通集团股份有限公司相关负责人在互动平台称，公 司打造了广州政务信创云、区级政务云、国资国企云、AI智算云等专属云服务，推出自主可控的运通 云、智算调度平台、超融合一体机等专属云产品。 长城证券分析师侯宾指出 ...

业内多位人士认为，重庆此次发布的方案将有效带动工业算力设施建设投资，算力基础设施供应商、工 业互联网平台企业及云计算服务提供商等相关上市公司有望从中显著受益。 国际注册创新管理师、鹿客岛科技创始人卢克林对《证券日报》记者表示，当前工业算力行业处于发展 初期，产业链各环节呈现差异化竞争态势。行业竞争的焦点正从"追求峰值算力"转向"保障毫秒级延迟 与99.9%可靠性"的工业级服务水平。未来三年，技术整合能力将成为关键——能否将AI框架、实时操 作系统、现场总线协议整合为一体化技术底座，将直接决定企业在行业中的定价权。 8月12日，重庆市经济和信息化委员会、重庆市通信管理局联合印发《重庆市加快推动"5G+工业互联 网"升级发展实施方案》（以下简称"方案"）。方案明确从基础网络设施升级、技术产品研发创新、行 业融合应用拓展等多维度发力，其中"云网算控"一体演进及工业算力设施建设相关内容备受瞩目，为相 关上市公司带来全新发展机遇。 明确工业算力升级路径 方案提出，要准确把握"5G+工业互联网"在新型工业化全局中的定位和作用，围绕推动"33618"现代制 造业集群高质量发展要求，持续升级以5G为代表的新型工业网络支撑服务 ...